3484 Co Rd 406, McKinney, TX 75071

Affordable Boat & RV Storage is a newly constructed, 348-unit facility situated on approximately 17.1 acres in the rapidly expanding McKinney/Princeton growth corridor. The property features a well-balanced mix of enclosed and covered parking units totaling 154,700 rentable-square feet designed to accommodate vehicles of all shapes and sizes. The site is uniquely positioned for future visibility, as the planned TxDOT 380 Bypass is expected to run directly adjacent to the property – with much of the ROW already acquired – effectively placing the asset along a future high-traffic corridor.

The property also benefits from its affluent and rapidly expanding population base. To be sure, 30,000 people currently live within a three-mile radius of the facility, since 2020 the five-mile population has grown nearly 40 percent to approximately 60,000, the median household income is roughly $100,000 annually, and thousands of new homes continue to be delivered within the immediate trade area. This creates a highly favorable future lease-up environment – one that will improve as the asset gains visibility and is operated in a more professional manner.

Currently 24 perfect occupied, the facility represents a value-creation opportunity driven by both market tailwinds and operational upside. Existing ownership has limited experience in boat/RV storage, and a more sophisticated operator will almost certainly want to accelerate physical absorption through improved marketing, pricing, and revenue management. This upside is further supported by the current lender’s willingness to offer below-market financing, including 5.75 percent interest-only for 18 months, providing a favorable runway to stabilize the asset.